Bitcoin May Have Already Hit Bottom, According to Mayer Multiple Indicator

Bitcoin May Have Already Hit Bottom, According to Mayer Multiple Indicator

The Mayer Multiple indicator has successfully predicted the past two Bitcoin bear market bottoms. As the market begins to regain its footing, the indicator has begun to paint a similar picture. Developed by Trace Mayer, the Mayer Multiple (MM) indicator is a value found by taking the current price of Bitcoin (BTC) divided by the 200-day moving […]

Bitcoin (BTC) Analysts Split but Indicators Pointing at “Buy”

Bitcoin (BTC) Analysts Split but Indicators Pointing at “Buy”

Bitcoin Price Analysis Fundamentals In a space brimming with FUD, scares, and hype, traders ought to be pragmatic and level-headed to avoid liquidating an undervalued asset at a discount. First, we should note that Bitcoin prices reached highs of $5,500 a few hours after news of NDRC proposing of banning Bitcoin and crypto mining activities. […]

BITCOIN PRICE BULLS SHOW UP ON SATURDAY, PUSH BTC BACK ABOVE $5100

BITCOIN PRICE BULLS SHOW UP ON SATURDAY, PUSH BTC BACK ABOVE $5100

BITCOIN’S HOURLY EMA RIBBON PROVIDING SUPPORT On the one-hour chart for Bitcoin, the exponential moving average (EMA) ribbon has, thus far, provided significant support for the price of BTC. Bitcoin chart provided by TradingView. The bitcoin price only dropped below the EMA ribbon once, on April 4 for a few hours, since commencing on its uber-bullish […]

Bullish Bitcoin Technicals Thrills Analysts to Predict Next Leap Beyond $7,000

Bullish Bitcoin Technicals Thrills Analysts to Predict Next Leap Beyond $7,000

By CCN.com: As the bitcoin price slightly retraced below $5,000, the valuation of the crypto market dropped by $9 billion in the past 24 hours. However, based on technical indicators, analysts remain convinced that the $5,000 to $6,000 range will be broken by bitcoin in the near-term and $7,000 is the next reasonable step for the […]

Algo Hedge Funds Join Cast of Suspects Seen Behind Bitcoin Surge

Algo Hedge Funds Join Cast of Suspects Seen Behind Bitcoin Surge

Add algorithmic hedge funds to the list of suspects behind Tuesday’s sudden surge in Bitcoin that had the true believers in the digital asset world heralding a renaissance in the most-popular cryptocurrency. Long the bane of traditional discretionary traders in areas such as equities for exaggerating price moves and volatility, these computer-run strategies have been […]

Monero (XMR) Register Double-Digit Gains Even as Hash-Rate Plunge

Monero (XMR) Register Double-Digit Gains Even as Hash-Rate Plunge

Monero Price Analysis Fundamentals Like hard, fiat money, Monero is anonymous. However, it doesn’t stop there. The coin is perfect for the internet, is digital, blockchain based and global meaning that it bears some properties like Bitcoin but with added privacy features. With a blend of fungibility and privacy, Monero demand is on the rise […]

Bitcoin Buy Volume Reaches Record High on Binance, Intense Demand

Bitcoin Buy Volume Reaches Record High on Binance, Intense Demand

The Bitcoin trading volume on Binance established a historic high as the asset price jumped more than 15-percent within an hour. The global cryptocurrency exchange posted its best four-hour timeframe volume statistics this Tuesday, reporting as high as 49,103 buy orders alongside 5,655 sell orders. The latest upside wave broke the record of the October 15 trading session, in […]